Air China (CA, Beijing Capital) intends to raise up to CNY7.8 billion yuan (USD1.1 billion) via a private share placement to pay for new aircraft and boost its working capital, according to a December 22, 2023, stock market filing.

While the filing did not disclose the details of the aircraft acquisitions, merely saying that “through the issuance of A Shares and H Shares to specific investors, the company intends to further optimize its fleet structure, rationally expand the fleet size, strengthen its security assurance capabilities,…

Source: ch aviation
Read more: Air China to raise ¥7.8bn via private placement